Restructuring of the Balance sheet of JV/WOS Involving write-off of Capital and Receivables

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Full Text of the Document

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....Receivables 16A (1) A listed Indian Party, who has set up WOS abroad or have at least 51 per cent stake in an overseas JV, may write off capital (equity / preference shares) and other receivables, such as loans, royalty, technical knowhow fees and management fees in respect of the JV / WOS up to 25 per cent of the equity investment in the JV / WOS subject to condition that the Indian Party should....